City Taxi Service purchased a new auto to use as a taxi on January 1, Year 1, for $22,300. In addition, City paid sales tax and title fees of $1,390 for the vehicle. The taxl is expected to have a five-year life and a salvage value of $6,750. Required o. Using the straight-line method, compute the depreciation expense for Year 1 and Year 2. Note: Round your onswers to the nearest whole dollar amount. b. Assume the auto was sold on January 1, Year 3 , for $19.451. Determine the amount of gain or loss that would be recognized on the asset disposal. Round the intermediote colculations to nearest whole dollar omount